Block's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Block (NYSE:SQ) shows a bullish sentiment among investors, with 60% of detected trades being bullish and 40% bearish. The trading volume and open interest suggest a price target range of $70.0 to $95.0. Significant trades include both calls and puts with varying sentiments and strike prices. Block's current stock price is down -1.18% at $78.53, with analysts giving mixed reviews but generally maintaining a positive outlook with an average target price of $86.6.
March 01, 2024 | 3:02 pm
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POSITIVE IMPACT
Block's options trading activity indicates a bullish sentiment among investors, with a focus on a price target range of $70.0 to $95.0. Analysts have mixed reviews but maintain a positive outlook with an average target price of $86.6. The current stock price is down -1.18% at $78.53.
The bullish sentiment in options trading, combined with the positive but mixed analyst ratings, suggests a potential for stock price increase. However, the current slight decrease in stock price and the mixed analyst ratings introduce some uncertainty, hence the importance and confidence scores.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100